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Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024 (www.eurogamer.net)

submitted 3 weeks ago by [email protected] to c/[email protected]

102 comments fedilink hide all child comments

2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[–] [email protected] 37 points 3 weeks ago (6 children)

The board doesn’t care about the number of people employed. They care about the current profitability and future profitability.

Of course that’s their job; to look after shareholder interests. And the money would move to a better investment if they didn’t.

It’s the whole system you need to change, if you seek change, not moan about an individual CEO.

[–] [email protected] 18 points 3 weeks ago (3 children)

That's why Mitbestimmungsgesetz can be goddamn fucking awesome.

[–] [email protected] 4 points 3 weeks ago

I've never heard of that. That's a cool idea.

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